On March 26, 2026, Alset International Limited, a majority-owned subsidiary of Alset Inc., entered into a Securities Purchase Agreement (SPA) with DSS Inc., a New York-based company. Under the terms of the agreement, Alset will loan DSS $2,450,000 in exchange for a convertible promissory note and warrants to purchase 16,554,055 shares of DSS common stock. The note will carry a simple interest rate of 3% per annum, and Alset has the option to convert any outstanding principal and interest into shares of DSS common stock at a conversion price of $0.74 per share, five years from the date of the note. The warrants will allow Alset to purchase shares at an exercise price of $0.93 per share, expiring on the fifth anniversary of the agreement. The closing of this transaction is contingent upon certain conditions, including the approval of DSS's stockholders. This agreement indicates a strategic move by Alset to strengthen its financial position and expand its investment portfolio, potentially enhancing its market presence. The transaction was approved by Alset's Board of Directors and Audit Committee, with members who are also directors of DSS recusing themselves from the decision-making process. This transaction is expected to have a small positive effect on Alset's stock price as it reflects proactive financial management and potential growth opportunities.

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